This site uses cookies. By continuing to browse the site you are agreeing to our use of cookies. Find out more hereX

Home > Discussion Forum

Discussion Forum

Prev Previous Post   Next Post Next
abhinay abhinay is offline
Starting Out
Join Date: Jul 2008
Posts: 14
Tax for self-employed.

This is directed towards an accountant really. I am 16 and going to have a supplier who i source my products from soon. I am going to sell using ebay. And because i don't own the products (i am dropshipping)etc... i have to register as a business account. After reading up on this, there are a few tax things you have to do as a business, ie pay tax on money you earn etc...

from ebay: The amount and type of tax you should pay on your eBay earnings depends on how much you earn and how you earn it.

To do this i have to register as self-emplyed with HMRC. Are there any restrictions when doing this? ie age. Also, i am still at school, will this be a problem? Are you allowed to be classed as self-employed when 16?

Any help on this would be greatly appreciated.

Thanks,
Abhinay.
Reply With Quote
 

Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts
BB code is On
Smilies are On
[IMG] code is On
HTML code is Off


All times are GMT +1. The time now is 08:35 AM.


Powered by vBulletin® Version 3.8.1
Copyright ©2000 - 2014, Jelsoft Enterprises Ltd. Copyright Shell LiveWIRE 2005-2009